Corruption Currents: Demonetization Fails to Curb India Corruption

An unseen Indian man arranges new currency notes of 200 rupees in Bangalore, India, on Monday.
Photo:
European Pressphoto Agency

A daily roundup of corruption news from across the Web. We also provide a daily roundup of important risk & compliance stories via our daily newsletter, The Morning Risk Report, which readers can sign up for here. Follow us on Twitter at @WSJRisk.

Bribery:

Prosecutors began laying out their case ahead of next month's trial of U.S. Sen. Robert Menendez (D., N.J.), alleging the scheme lasted for years. Sen. Menendez pleaded not guilty. (CNN, Vice, Politico)

Sanctions on the chief financial officer of Venezuela's state-oil company is leading some exports to the U.S. to be blocked. Despite a license for transactions with Citgo, U.S. sanctions do pose a threat to the company's growth. (Reuters, Bloomberg)

The South African scandal surrounding the influential Gupta family includes a probe of a wedding. Bank accounts belonging to the president's son were frozen; the son said he has no involvement in corruption. (Reuters, Bloomberg, BBC)